Legal provisions of COM(2015)46 - Increase of the initial pre-financing amount paid to operational programmes supported by the Youth Employment Initiative - Main contents
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| dossier | COM(2015)46 - Increase of the initial pre-financing amount paid to operational programmes supported by the Youth Employment Initiative. |
|---|---|
| document | COM(2015)46  |
| date | May 22, 2015 |
Article 1
In Regulation (EU) No 1304/2013, the following Article is inserted:
‘Article 22a
Payment of additional initial prefinancing amount to operational programmes supported by the YEI
1. In addition to the initial prefinancing amount paid in accordance with point (b) of Article 134(1) of Regulation (EU) No 1303/2013, an additional initial prefinancing amount from the specific allocation for the YEI shall be paid in 2015 for all operational programmes supported by the YEI, irrespective of the form of the programming arrangement in accordance with Article 18 of this Regulation, in order to increase the initial prefinancing from the specific allocation for the YEI to 30 % (the “additional initial prefinancing amount”).
2. For the purposes of the calculation of the additional initial prefinancing amount, the amounts paid from the specific allocation for the YEI to the operational programme in accordance with point (b) of Article 134(1) of Regulation (EU) No 1303/2013 shall be deducted.
3. If, by 23 May 2016, a Member State does not submit interim payment applications in which the Union contribution from the YEI is equal to at least 50 % of the additional initial prefinancing amount, that Member State shall reimburse to the Commission the total amount of the additional initial prefinancing paid in accordance with paragraph 1. The contribution from the specific allocation for the YEI to the operational programme concerned shall not be affected by any such reimbursement.’
Article 2
This Regulation shall enter into force on the day following that of its publication in the Official Journal of the European Union.
This Regulation shall be binding in its entirety and directly applicable in all Member States.